3 Stocks Pushing The Energy Industry Lower

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All three major indices are trading up today with the Dow Jones Industrial Average ( ^DJI) trading up 38 points (0.2%) at 16,171 as of Friday, Feb. 21, 2014, 11:55 AM ET. The NYSE advances/declines ratio sits at 1,939 issues advancing vs. 967 declining with 167 unchanged.

The Energy industry currently sits up 0.3% versus the S&P 500, which is up 0.3%. On the negative front, top decliners within the industry include Tenaris ( TS), down 3.9%, and China Petroleum & Chemical Corporation ( SNP), down 2.9%.

TheStreet would like to highlight 3 stocks pushing the industry lower today:

3. PetroChina ( PTR) is one of the companies pushing the Energy industry lower today. As of noon trading, PetroChina is down $0.78 (-0.7%) to $104.63 on average volume. Thus far, 70,695 shares of PetroChina exchanged hands as compared to its average daily volume of 183,000 shares. The stock has ranged in price between $104.40-$104.99 after having opened the day at $104.92 as compared to the previous trading day's close of $105.41.

PetroChina Company Limited produces and sells oil and gas in the People's Republic of China. The company operates in four segments: Exploration and Production, Refining and Chemicals, Marketing, and Natural Gas and Pipeline. PetroChina has a market cap of $189.5 billion and is part of the basic materials sector. Shares are down 3.9% year-to-date as of the close of trading on Thursday. Currently there are 3 analysts that rate PetroChina a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates PetroChina as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, attractive valuation levels and increase in net income. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity, a generally disappointing performance in the stock itself and generally higher debt management risk. Get the full PetroChina Ratings Report now.

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